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Max Keiser: Banks Are Dead!

submitted by marinara

1 decade 2 years 8 months 3 weeks ago

Max Keiser

YouTube Description:

Moody's has slashed the ratings of fifteen of the biggest banks in Europe and the U.S. in the latest slap in the face to the ailing financial sector. Those hit include Goldman Sachs, Morgan Stanley, Royal Bank of Scotland and Deutsche Bank - financial powerhouses domestically and internationally. The move could make it more expensive for the banks to attract funds. It's also feared the downgrades could trigger fresh market panic, and a new exodus to gold. For more analysis RT talks to RT's financial guru Max Keiser, who joins us from the International Economic Forum in St. Petersburg..Follow Max Keiser on Twitter: http://twitter.com/maxkeiserWatch all Keiser Report shows here:http://www.youtube.com/playlist?list=PL768A33676917AE90 (E1-E200)http://www.youtube.com/playlist?list=PLC3F29DDAA1BABFCF (E...

4 Comments

lurgee

says...

join a credit union man!

Stormsinger

says...

I don't understand why any of the ratings agencies have the slightest credibility. They were -all- assuring everyone that the sub-prime CDOs were triple-A quality.

Now that they're throwing their former compatriots under the bus...why the hell should we believe them this time?